Bitcoin price sustains uptrend as Chinese investors stampede out of local market in favor of US-focused ETFs

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Share: Bitcoin price is trading horizontally, trapped within the upper range of the Bollinger Indicator. BTC could make a 5% move north soon to clear the $43,750 blockade as volatility increases. A strong break and close below the centerline of the Bollinger at $41,880 would invalidate the bullish thesis. ETF specialist Eric Balchunas … Read more

Bitcoin price likely to fall 5% despite Powell’s bullish thesis for Bitcoin

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Share: Bitcoin price continues to trade horizontally with technical indicators showing limited upside potential. BTC could drop 5% after multi-week consolidation below the $43,750 blockade. The bearish thesis will be invalidated if the price breaks and closes above $46,000. Appearing on Monday, Federal Reserve chair Jerome Powell expressed worrisome comments about the US … Read more